St. Johns Investment Management Company LLC Purchases New Position in United States Oil Fund LP (USO)

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St. Johns Investment Management Company LLC purchased a new stake in United States Oil Fund LP (NYSEARCA:USO) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 5,800 shares of the company’s stock, valued at approximately $73,000.

Other institutional investors also recently added to or reduced their stakes in the company. Legacy Advisors LLC acquired a new stake in United States Oil Fund in the 1st quarter valued at $76,000. Westside Investment Management Inc. lifted its holdings in United States Oil Fund by 900.0% in the 4th quarter. Westside Investment Management Inc. now owns 10,000 shares of the company’s stock valued at $97,000 after purchasing an additional 9,000 shares in the last quarter. Mutual Advisors LLC purchased a new position in United States Oil Fund in the 4th quarter valued at $99,000. Centric Wealth Management purchased a new position in United States Oil Fund in the 4th quarter valued at $109,000. Finally, Northern Trust Corp lifted its holdings in United States Oil Fund by 12.5% in the 4th quarter. Northern Trust Corp now owns 11,751 shares of the company’s stock valued at $114,000 after purchasing an additional 1,308 shares in the last quarter.

USO stock traded down $0.03 during midday trading on Wednesday, reaching $13.34. The stock had a trading volume of 312,215 shares, compared to its average volume of 23,099,945. United States Oil Fund LP has a 52-week low of $9.23 and a 52-week high of $16.24.

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United States Oil Fund Company Profile

United States Oil Fund, LP (USO) is a commodity pool that issues limited partnership interests (shares) traded on the NYSE Arca, Inc (the NYSE Arca). The investment objective of USO is for the daily changes in percentage terms of its shares’ per share net asset value (NAV) to reflect the daily changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the daily changes in the price of the futures contract for light, sweet crude oil traded on the New York Mercantile Exchange, that is the near month contract to expire, except when the near month contract is within over two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire, less USO’s expenses.

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Want to see what other hedge funds are holding USO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United States Oil Fund LP (NYSEARCA:USO).

Institutional Ownership by Quarter for United States Oil Fund (NYSEARCA:USO)

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